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Intangible Assets, Liabilities, and Deferred Leasing Costs
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Liabilities, and Deferred Leasing Costs Intangible Assets, Liabilities, and Deferred Leasing Costs
The following table summarizes the Company’s intangible assets, liabilities, and deferred leasing costs as of December 31, 2022 and 2021:
As of December 31,
20222021
Intangible assets:
In-place leases$158,155 $137,579 
Above-market leases16,082 15,082 
Intangible assets174,237 152,661 
Accumulated amortization:
In-place leases(66,347)(63,741)
Above-market leases(6,723)(7,894)
Accumulated amortization(73,070)(71,635)
Intangible assets, net$101,167 $81,026 
Intangible liabilities:
Below-market leases$55,501 $58,256 
Accumulated amortization(25,843)(29,261)
Intangible liabilities, net$29,658 $28,995 
Deferred leasing costs:
Leasing costs$20,949 $18,482 
Accumulated amortization(7,114)(6,055)
Deferred leasing costs, net$13,835 $12,427 

The following table provides a summary of the amortization related to intangible assets, liabilities, and deferred leasing costs for the years ended December 31, 2022, 2021 and 2020:
Year ended December 31,
202220212020
Intangible assets:
In-place leases$20,993 $18,730 $22,994 
Above-market leases2,018 2,036 2,446 
Amortization of intangible assets$23,011 $20,766 $25,440 
Intangible liabilities:
Amortization of below-market leases$7,403 $6,317 $9,468 
Deferred leasing costs:
Amortization of deferred leasing costs$2,533 $2,138 $1,913 

The following table provides a summary of the amortization during the next five years and thereafter related to intangible assets, liabilities, and deferred leasing costs as of December 31, 2022:
Year ending December 31,In-place leasesAbove market leasesBelow market leasesDeferred leasing costs
2023$20,494 $2,085 $4,686 $3,749 
202416,582 1,603 3,817 1,970 
202513,820 1,283 3,308 1,828 
202611,416 1,097 2,932 1,667 
20277,785 783 2,022 1,393 
Thereafter21,711 2,508 12,893 3,228 
Total$91,808 $9,359 $29,658 $13,835